Tower International Downgraded to Neutral at Zacks (TOWR)
Tower International (NASDAQ:TOWR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. They currently have a $23.90 price target on the stock. Zacks‘ target price would suggest a potential upside of 10.19% from the company’s current price.
Tower International (NASDAQ:TOWR) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.22. The company had revenue of $495.00 million for the quarter, compared to the consensus estimate of $506.23 million. During the same quarter in the previous year, the company posted ($0.18) earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis.
Tower International, Inc is an integrated global manufacturer of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers (NASDAQ:TOWR).
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